Greytown Advisors Inc. grew its position in shares of Anheuser Busch Inbev NV (NYSE:BUD) by 121.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,944 shares of the consumer goods maker’s stock after purchasing an additional 3,809 shares during the period. Greytown Advisors Inc.’s holdings in Anheuser Busch Inbev were worth $828,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of BUD. Johnson Financial Group Inc. lifted its stake in shares of Anheuser Busch Inbev by 0.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,179 shares of the consumer goods maker’s stock valued at $130,000 after acquiring an additional 3 shares during the last quarter. Omnia Family Wealth LLC increased its holdings in Anheuser Busch Inbev by 0.5% during the 2nd quarter. Omnia Family Wealth LLC now owns 1,761 shares of the consumer goods maker’s stock valued at $194,000 after purchasing an additional 8 shares during the period. Raab & Moskowitz Asset Management LLC grew its holdings in shares of Anheuser Busch Inbev by 0.3% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 4,175 shares of the consumer goods maker’s stock worth $484,000 after acquiring an additional 13 shares during the period. Advisory Services Network LLC grew its holdings in shares of Anheuser Busch Inbev by 0.3% during the 2nd quarter. Advisory Services Network LLC now owns 4,632 shares of the consumer goods maker’s stock worth $511,000 after acquiring an additional 16 shares during the period. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Anheuser Busch Inbev by 1.2% during the 2nd quarter. Bahl & Gaynor Inc. now owns 2,418 shares of the consumer goods maker’s stock worth $255,000 after acquiring an additional 28 shares during the period. 5.67% of the stock is owned by hedge funds and other institutional investors.
BUD has been the topic of a number of analyst reports. Susquehanna Bancshares set a $128.00 price target on Anheuser Busch Inbev and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Argus assumed coverage on Anheuser Busch Inbev in a research report on Friday, September 8th. They issued a “buy” rating and a $136.00 price objective on the stock. Berenberg Bank reaffirmed a “buy” rating on shares of Anheuser Busch Inbev in a research report on Wednesday, September 13th. Finally, Societe Generale cut Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $127.24.
Anheuser Busch Inbev NV (NYSE:BUD) traded up $0.86 during midday trading on Tuesday, reaching $112.42. 1,259,958 shares of the company were exchanged, compared to its average volume of 1,063,150. The firm has a market capitalization of $190,630.00, a P/E ratio of 42.75, a PEG ratio of 1.74 and a beta of 1.04. Anheuser Busch Inbev NV has a 52 week low of $103.55 and a 52 week high of $126.50. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 1.30.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings data on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). The firm had revenue of $14.74 billion during the quarter, compared to analyst estimates of $15 billion. Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The company’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. equities analysts predict that Anheuser Busch Inbev NV will post 4.22 earnings per share for the current year.
The business also recently announced a semiannual dividend, which was paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th were paid a dividend of $1.8534 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a dividend yield of 3.07%. Anheuser Busch Inbev’s dividend payout ratio is currently 122.05%.
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About Anheuser Busch Inbev
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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